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Heavy buying of Lynas Corp on US rare earths deal

Lynas Corp has signed a contract with the US Government to build a light rare earths plant in Texas, with the ASX-listed company indicating both it and the US Department of Defense could potentially contribute about US$30 million each to the geopolitically generated venture.

Heavy buying of Lynas Corp on US rare earths deal Heavy buying of Lynas Corp on US rare earths deal Heavy buying of Lynas Corp on US rare earths deal Heavy buying of Lynas Corp on US rare earths deal Heavy buying of Lynas Corp on US rare earths deal

Lynas Corporation's current sole downstream processing venture in Malaysia

While detailed costings are still being finalised, production is expected to be in the order of 5000t per annum of rare earth products including circa-1250tpa of NdPr.